Stepan Co. (SCL) Tops Q1 EPS by 26c, Revenues Beat
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Stepan Reports First Quarter Earnings
April 21, 2020 6:59 AM EDTNORTHFIELD, Ill., April 21, 2020 /PRNewswire/ -- Stepan Company (NYSE: SCL) today reported:
First Quarter Highlights
Reported net income was $27.5 million, or $1.18 per diluted share versus $25.0 million, or $1.07 per diluted share, in the prior year. Adjusted net income* was $24.2 million, or $1.04 per diluted share versus $30.6 million, or $1.31 per diluted share, in the prior year. Reported and adjusted net income were negatively impacted by the previously disclosed Millsdale Plant power outage. All production lines were fully operational prior to the end of the first quarter. The Company's... More